Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Act 2026 (58 of 2026)

Schedule 4   Exclusion of tobacco and gambling related activities from the Research and Development Tax Incentive

Part 1   Amendments

Income Tax Assessment Act 1997

4   At the end of section 355-30

Add:

Gambling and tobacco related activities etc.

(3) If an activity relates to a matter or thing referred to in any of subparagraphs 355-25(2)(i)(i) to (iii) (which deal with gambling etc.):

(a) subsection (2) does not apply to the activity; and

(b) despite subsection (1), the activity is a supporting R&D activity only if it is covered by subsection 355-25(3) (harm minimisation purpose).

(4) If an activity relates to a thing referred to in any of subparagraphs 355-25(2)(j)(i) to (vii) (which deal with tobacco and vaping goods etc.):

(a) subsection (2) does not apply to the activity; and

(b) despite subsection (1), the activity is a supporting R&D activity only if it is covered by subsection 355-25(4) (harm minimisation purpose).